MicroCloud Hologram (NASDAQ:HOLO) Shares Down 1.1% – Should You Sell?

MicroCloud Hologram Inc. (NASDAQ:HOLO)’s stock price traded down 1.1% on Monday . The company traded as low as $1.71 and last traded at $1.75. 7,529,691 shares were traded during trading, an increase of 317% from the average session volume of 1,807,149 shares. The stock had previously closed at $1.77.

MicroCloud Hologram Stock Down 5.4 %

The stock’s fifty day moving average price is $3.24 and its 200-day moving average price is $9.98.

Institutional Investors Weigh In On MicroCloud Hologram

Hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd increased its stake in MicroCloud Hologram by 1,488.2% in the 3rd quarter. XTX Topco Ltd now owns 174,637 shares of the company’s stock valued at $63,000 after purchasing an additional 163,641 shares in the last quarter. Jane Street Group LLC increased its position in shares of MicroCloud Hologram by 336.3% in the third quarter. Jane Street Group LLC now owns 422,656 shares of the company’s stock valued at $152,000 after buying an additional 325,785 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of MicroCloud Hologram by 1,122.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 428,000 shares of the company’s stock worth $351,000 after buying an additional 393,000 shares during the last quarter. 2.13% of the stock is currently owned by institutional investors and hedge funds.

MicroCloud Hologram Company Profile

MicroCloud Hologram Inc provides holographic technology services worldwide. It operates in two segments, Holographic Solutions and Holographic Technology Service. Its services include holographic light detection and ranging (LiDAR) solutions based on holographic technology, holographic LiDAR point cloud algorithms architecture design, technical holographic imaging solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to service customers that provide holographic advanced driver assistance systems.